Analyst from the company ForexMart

Analyst from the company ForexMart (ForeksMart)

USD / RUB. 27.02. It is expected downward correction

The Russian currency at the end of last week under pressure from two external factors: falling oil prices and the strengthening US dollar. In this regard, the dollar rose to the level of 58.59 rubles. The American currency began to rise in price after the release of statistical reports in the US. These were higher than market expectations. Today, oil quotations began to rise and the dollar to fall in price. We expect a correction Friday against the growth and movement of the pair USD / RUB within a narrow sideways movement with the boundaries of 57,30-58,20 rubles.


USD / CHF. 27.02. "Ping-bar" with a support on 1.0050

Currency pair USD / CHF at the end of the week formed a reversal pattern "pin-bar" with a support on the trend line and the resistance level of 1.0050. There is a high probability of resumption of the uptrend with the immediate goal to 0.0125. In case of confirming signals at lower timeframes (at least 30 minutes) it makes sense to consider purchases. Today we expect a little volatility in the market tomorrow - increased activity of traders.